Tech Stocks Up in Late Hours on Nvidia’s Results: Markets Wrap
- Nvidia gives upbeat view of chip rollout after mixed report
- BofA’s Subramanian sees US stock gains broadening beyond tech
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Shares of the world’s largest technology companies climbed in late hours on speculation that Nvidia Corp.’s earnings will help reignite the artificial intelligence-driven rally.
A $330 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) rose after the close of regular trading. The giant chipmaker that’s seen as a barometer for AI gave an upbeat view of its highly anticipated Blackwell lineup, helping reassure investors after delivering good-but-not-great quarterly numbers. The shares climbed after whipsawing in the immediate aftermath of the results.